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Property Type: Detached HouseOwnership: Freehold
805 ROCKWAY Drive
Kitchener, ON N2G3B6
MLS® 40865597
$699,900
4 bed2 bath4 parking1,277 sqftBuilt 1950
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Stories
- 1
- Frontage
- 50 feet
Res - 4
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,766.34
Interior
- Basement
- Finished, Full
- Heating
- Heat Pump, Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Dining room | Main level | 5'4'' x 9'8'' |
| 3pc Bathroom | Lower level | — |
| Bedroom | Lower level | 10'5'' x 10'8'' |
| Den | Lower level | 8'1'' x 10'10'' |
| Living room | Lower level | 14'6'' x 11'9'' |
| Eat in kitchen | Lower level | 10'10'' x 17'1'' |
| 4pc Bathroom | Main level | — |
| Bedroom | Main level | 8'10'' x 11'7'' |
| Bedroom | Main level | 9'2'' x 11'7'' |
| Primary Bedroom | Main level | 11'9'' x 11'10'' |
| Laundry room | Main level | 7'7'' x 11'4'' |
| Living room | Main level | 11'1'' x 20'7'' |
| Eat in kitchen | Main level | 13' x 16'5'' |
Description
Amazing turnkey investment opportunity with this fully renovated legal duplex located in the desirable Rockway Gardens area of Kitchener. Whether you're an investor looking for a strong income property or a homeowner wanting a mortgage helper, this property offers flexibility, quality, & long-term value. The duplex features a 3-bedroom, 1-bathroom upper unit & a 1-bedroom + Den, 1-bathroom lower unit. Each unit has separate parking, separate utilities, its own storage locker, private laundry, & its own fully fenced backyard space with a deck, providing excellent privacy for tenants. Completely gutted & renovated in 2022, this property was rebuilt with long-term durability in mind. No expense was spared during the renovation, & the home is topped with a steel roof for added peace of mind. The upper unit features luxury vinyl flooring throughout, a modern kitchen with granite countertops, a 4-piece bathroom, 3 bedrooms with a spacious primary bedroom with a large walk-in closet, & its own laundry room. The lower unit also features luxury vinyl flooring throughout, a kitchen with granite countertops, a den with a built-in desk that is ideal for a home office or study area, a bedroom, private laundry, & a 3-piece bathroom with heated floors. The furnace, hot water systems, water softeners, electrical panels, & utility equipment are conveniently located in a common utility room for easy access & maintenance. Outside, the property includes 3 surface parking spots, a 1-car garage, 2 private storage lockers, & separate fully fenced backyard spaces for each unit, making it an attractive option for tenants. Located in the sought-after Rockway Gardens neighbourhood, this property is minutes from Rockway Golf Course, parks, schools, walking trails, Fairview Park Mall, grocery stores, restaurants, public transit, & the ION LRT. Commuters will appreciate the quick access to Highway 7/8 & Highway 401. (id:63161)
Listing Information
- MLS®
- 40865597
- Data last synced
- October 26, 2026
Re/Max Twin City Realty Inc.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Re/Max Twin City Realty Inc.
MLS® Number: 40865597
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Cornerstone Association of REALTORS®.
Values & Trends
This listing
$548/sqft
Building average
—
No other active listings in this building
311 - Downtown/Rockway/S. Ward average
$385/sqft
20 active listing(s)
Parking: 4 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Kitchener-Waterloo
4°C
Mist
Humidity 97%
Wind N 4 km/h
Tonight
6°
Thursday
19°
Thursday night
6°
Friday
12°
Friday night
-2°
Saturday
14°
Source: Environment and Climate Change Canada.
Population
256,885
(2021 Census)
+10.1% since 2016
Similar Listings Nearby
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Mortgage & Ownership Cost Calculator
Minimum required: 6.4% ($44,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$559,920.00
Periodic payment — Principal & Interest (monthly)$3,612.41
Additional monthly expenses (condo fees, tax, utilities, etc.)$461.20
Total monthly cost$4,073.61
Interest paid over 5-yr term$160,474.68
Balance at end of term$503,649.85
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$44,990
Stress test qualifying rate8.19%
Payment you must qualify for$5,078.00
Cash Needed at Closing
Minimum down payment$44,990
Estimated Land Transfer Tax (LTT)$10,473
Legal / closing costs (typical estimate)$1,500
Total cash needed$56,963
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.
